Bank of America (BAC) and JPMorgan (JPM) are among the banks reportedly in advanced negotiations...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC) and JPMorgan (JPM) are among the banks reportedly in advanced negotiations with authorities to resolve claims over improper foreclosure practices. The settlement could exceed $20B, and would also include Citigroup (C), Wells Fargo (WFC) and Ally Financial.